The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
260 - 800 jobs Number of planned job losses
Announcement Date
20 July 2021
Employment effect (start)
1 August 2021
Foreseen end date
31 July 2022
Description
Dutch-based automotive company Stellantis has reached an agreement for 260 voluntary exits supported by incentives for workers in Mirafiori (160) and Grugliasco (100). In addition to the latter, the company is planning another 540 exits for which negotiations are still in course. The restructuring is part of the plans for a rationalisation of production costs announced by the company's CEO a few months ago, after the merger between FCA and PSA.
Staff reduction will take place through incentivised early retirements or expansion contracts, that entail one new hiring every three exits. Trade unions FIOM and UIL expressed their concerns and opposition towards the restructuring plan, while a strike has been announced by metalworkers to protest against the layoffs.
Multinational corporation Stellantis has been established in 2019 as the result of the merger between Italian-American Fiat Chrysler Automobiles (FCA) and the French PSA Group. Recently, the group announced another voluntary redundancy plan in Italy, affecting 300 workers at Melfi plant.
Eurofound (2021), Stellantis, Internal restructuring in Italy, factsheet number 105171, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105171.
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